American Pacific mobilises drill rig to Madison Copper-Gold Project
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
American Pacific Mining Corp. has announced that it has mobilised a drill to its Madison Copper-Gold Project in Montana, in preparation for an initial CAN$1.5 million, five-hole, 1350 m drill programme.
Drilling will focus both on the near-mine area to extend the known mineralised zone identified through historical drilling, which included intercepts of 14.69 m of 12.10 g/t gold (Au) and further downhole 61.63 m of 6.97% copper (Cu). The Company also plans to test highly prospective areas, identified through the interpretation of extensive historical and recent data, that have never been drilled.
Phase II will focus on following up on positive results from Phase I drilling, while also testing deeper regional targets within the western portion of the Project. This region has recorded historical, gold values at surface of up to 48.5 g/t Au in undrilled locations, which the Company believes could suggest the presence of a concealed intrusive heat source.
“We are pleased to be mobilising a drill rig to Madison in preparation for drilling. Phase I will focus on areas where exceptional copper and gold mineralisation have been encountered historically,” commented CEO and Director, Warwick Smith. “By drilling the near-mine area, we aim to confirm and expand upon this high-grade zone to build towards a first mineral resource estimate at the Project. As part of Phase II, our technical team has identified several highly prospective, yet untested, regional targets that we believe may represent the peripheral expression of a larger mineralised system. The upcoming drill programme will be an opportunity for us to evaluate the exploration upside potential of these priority target areas. And, with a robust treasury, we are in an excellent position to embark on this multi-phase drill campaign as we aim to unlock the full value of the Madison Copper-Gold Project.”
Read the article online at: https://www.globalminingreview.com/mining/29052024/american-pacific-mobilises-drill-rig-to-madison-copper-gold-project/
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